Markets, AI Market Insights Stellar posts dramatic intraday recovery from $0.33 support to $0.35 resistance as institutional money flows in.
Market Recovery: XLM Leads with 6% Daily Gain
Stellar’s XLM surged 6% over the past 24 hours, closing at $0.35 after weathering bouts of volatility. The asset traded within a $0.02 range between $0.33 and $0.35, briefly dipping to $0.34 before buyers regained control. The recovery underscores growing bullish sentiment across major crypto assets following October’s selloff.
Institutional Buying Signals
The final hour of trading showcased strong institutional accumulation. XLM opened at $0.35 before slipping to $0.34 by 13:29. In a sharp three-minute rally from 13:31 to 13:33, bulls propelled prices back to $0.35 on a surge of 15 million tokens traded — a move technical analysts read as a hallmark of institutional participation.
Technical Picture and Macro Context
XLM’s performance mirrors broader crypto resilience despite persistent macroeconomic headwinds. Analysts point to wave-4 support holding firm, validating a bullish continuation pattern. Veteran trader Peter Brandt reiterated confidence in top digital assets, calling recent market weakness a “temporary shakeout” within an intact uptrend.
Outlook
Resistance remains at $0.35, where selling pressure continues to emerge, while support has solidified near the same level — suggesting a coiling setup. With hourly gains of 1% into session close and volume-backed accumulation, XLM appears poised to extend its recovery momentum in the near term.
Technical Indicators Summary
- Key support zone emerges at $0.34-$0.34 where buyers consistently step in.
- Resistance builds at $0.35-$0.35 level where selling pressure intensifies.
- Volume patterns show institutional participation at critical inflection points, 24-hour average of 37.5 million sets benchmark.
- Strong resistance holds at $0.35 where sellers consistently emerge in final session.
- Support consolidates near $0.35, creating tight range in final 30-minute window.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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